Skip to main content

CEOs slightly more optimistic this quarter

The confidence of CEOs crept up a notch in the second half of 2008, according to the Conference Board’s Measure of CEO Confidence.

The confidence level of chief executives inched up to 39 in the second quarter, compared to 38 in the previous quarter. (A reading of more than 50 points reflects more positive than negative responses.) The last time the measure fell below 38 was in the first quarter of 2000, when it dropped to 31.

“CEOs continue to rate current economic conditions as unfavorable, and their short-term expectations suggest this slow growth environment will exist for the remainder of the year,” said Lynn Franco, director of the Conference Board Consumer Research Center, in a statement.

CEOs’ assessments of current economic conditions barely registered an improvement, with less than 7 percent stating economic conditions had improved, compared to 3 percent last quarter. In assessing their respective industries, business leaders were more pessimistic. About 9 percent claim conditions are better, down from 14 percent in the first quarter.

Looking ahead six months, the outlook was mixed. Today, 24 percent of business leaders expect economic conditions to improve in the next six months, up from 20 percent last quarter. Expectations for their respective industries, however, did not improve with 20 percent of CEOs anticipate an improvement in the months ahead, down from 23 percent last quarter.

Related

FUTURE-ANGLERS

FAF Brings New Anglers into the Fold

The nonprofit organization will leverage Giving Tuesday on Nov. 29 to raise funds for its grassroots fishing and boating participation efforts.

1_NAOS.YACHTS.EXPANDS

Naos Yachts Plans New Offices

The San Francisco Bay area location will expand the dealer’s midcoast footprint and help grow its Groupe Beneteau, Lagoon, Neel, CNB Yachts, Four Winns and Wellcraft brands.

1_THANKSGIVING

Trade Only Today Returns Monday

The e-newsletter will not publish Thursday, Nov. 24, and Friday, Nov. 25, in observance of the Thanksgiving holiday.

CORRECT-CRAFT-ORPHANAGE

Correct Craft Gives Back

Employees spent a day serving at the Florida United Methodist Children’s Home, impacting more than 500 kids in need.

1_GH.ELECTRIC.HOIST

GH Motion Launches All-Electric Lift

The GH70e mobile boat lift is powered by a modular solar/battery system and has a 65-ton capacity.

1_PULSE.PING

Dealers: Are You in Compliance?

A new FTC Safeguards Rule designed to protect consumers’ personal information goes into effect Dec. 9 — are you prepared?

1_NMMA-CANADA

NMMA Canada President Steps Down

NMMA Canada president Sara Anghel is leaving the recreational boating trade group after nearly 15 years of service.

1_DEALER.OUTLOOK

Ohio Ordered To Get Serious About Algae

Many are applauding a judge’s proposed consent decree that will serve as a roadmap to address western Lake Erie’s chronic algal blooms.